International Finance: Meeting the Needs of People in Developing Countries

Almeida dos Reis, José Guilherme

doi:10.2139/ssrn.907478

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International Finance: Meeting the Needs of People in Developing Countries

35 Pages Posted: 11 Jan 2007

See all articles by José Guilherme Almeida dos Reis

José Guilherme Almeida dos Reis

International Labour Organization (ILO) - Policy Integration Department

Date Written: May, 2004

Abstract

The paper underlines the role of international finance in growth and how it creates jobs, reduces poverty, and provides social services. However, financial flows appear to be unevenly distributed where poor countries largely rely on public and private sources of finance, especially with private financial flows. Foreign direct investment has shown to be the least volatile source of financial flows and minimizes potential recessions, unemployment, and social deprivation that other financial sources can cause. Therefore, the paper aims to provide a set of policies that suggest increasing development resources, stimulating private financial flows to developing countries, and reforming the international finance system.

Keywords: international finance, need, people, developing countries

JEL Classification: F30, O16

Suggested Citation: Suggested Citation

Almeida dos Reis, José Guilherme, International Finance: Meeting the Needs of People in Developing Countries (May, 2004). Available at SSRN: https://ssrn.com/abstract=907478 or http://dx.doi.org/10.2139/ssrn.907478